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Display panel giant enters IoT sector
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BOE, the world鈥檚 biggest display panel maker, is expanding into the Internet of Things industry, especially in the medical sector.
Shenzhen-listed BOE is to turn from a 鈥渄isplay firm鈥 to a 鈥済lobal IoT service provider鈥 covering displays, sensors, AI and big data, the company said in Shanghai yesterday.
BOE has identified the medical industry as key for its business expansion. It has invested in digital hospitals with medical displays, sensor chips and smart health-care systems.
The medical industry is the most promising sector in China for innovations and investment, with the pandemic situation and huge volume of structured data, said Kaifu Lee, chairman and CEO of Sinovation Ventures.
Technology leaders in China, who used to focus on classified segments, are expanding into the IoT industry, which can connect and control various devices by wireless connection and creates more value.
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